NYS ct rules bankruptcy claimants are not entitled to preference and must take their chances with other depositors, NYS Banking Dept test caseView Full Article in Timesmachine »

We are continually improving the quality of our text archives. Please send feedback, error reports,
and suggestions to archive_feedback@nytimes.com.

A version of this archives appears in print on January 14, 1912, on Page PICTURE SECTION3 of the New York edition with the headline: NOT PREFERRED FUNDS.; Justice Gerard Rules Against Federal Courts in Carnegie Trust Case. Order Reprints|Today's Paper|Subscribe